Segment Reporting (Tables)

6 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table summarizes the operating performance of the Company’s reportable segments:

	Three Months Ended						Six Months Ended
	December 31, 2021			January 1, 2021			December 31, 2021			January 1, 2021
Net revenue:
HDD	$	2,213		$	1,909		$	4,774		$	3,753
Flash	2,620			2,034			5,110			4,112
Total net revenue	$	4,833		$	3,943		$	9,884		$	7,865
Gross profit:
HDD	$	677		$	488		$	1,469		$	971
Flash	946			551			1,867			1,099
Total gross profit for segments	1,623			1,039			3,336			2,070
Unallocated corporate items:
Amortization of acquired intangible assets	(26)			(109)			(65)			(254)
Stock-based compensation expense	(14)			(15)			(23)			(27)
Charges related to a power outage incident and related recovery	—			45			—			75
Total unallocated corporate items	(40)			(79)			(88)			(206)
Consolidated gross profit	$	1,583		$	960		$	3,248		$	1,864
Gross margin:
HDD	30.6		%	25.6		%	30.8		%	25.9		%
Flash	36.1		%	27.1		%	36.5		%	26.7		%
Consolidated gross margin	32.8		%	24.3		%	32.9		%	23.7		%

Schedule of Disaggregation of Revenue

The Company’s disaggregated revenue information is as follows:

	Three Months Ended				Six Months Ended
	December 31, 2021		January 1, 2021		December 31, 2021		January 1, 2021
	(in millions)
Revenue by End Market
Cloud	$	1,920	$	1,014	$	4,145	$	2,305
Client	1,854		1,869		3,707		3,619
Consumer	1,059		1,060		2,032		1,941
Total Revenue	$	4,833	$	3,943	$	9,884	$	7,865
Revenue by Geography
Americas	$	1,407	$	945	$	3,021	$	2,024
Europe, Middle East and Africa	816		725		1,578		1,354
Asia	2,610		2,273		5,285		4,487
Total Revenue	$	4,833	$	3,943	$	9,884	$	7,865

Schedule of Goodwill

The following table provides a summary of goodwill activity for the period:

	HDD		Flash		Total
	(in millions)
Balance at July 3, 2021	$	4,328	$	5,738	$	10,066
Foreign currency translation adjustment	—		(1)		(1)
Balance at December 31, 2021	$	4,328	$	5,737	$	10,065